- 92 Energy’s (92E) drilling program continues to deliver thick zones of uranium mineralisation at the GMZ discovery within the Gemini project in Canada
- A summer drilling program intersected 49.9 metres of composite uranium oxide mineralisation, with 17 of 21 drill holes intersecting greater than 0.5 metres of mineralisation
- The program has now wrapped up, leaving the area defined over 220 by 200 metres, remaining open in multiple directions
- 92 Energy is now reviewing the 2022 drill data from the Gemini project, with the technical team planning an additional high resolution geophysical survey to further expand the discovery
- 92 Energy shares fall 9.57 per cent, trading at 42.5 cents at 1:52 pm AEST
92 Energy’s (92E) drilling program has continued to deliver thick zones of uranium mineralisation at the GMZ discovery within the Gemini project in Canada.
The company’s summer drilling program returned results including 49.9 metres of composite uranium oxide mineralisation, including 3.6 metres of 0.9 per cent uranium oxide within 25.4 metres of 0.3 per cent uranium oxide.
The project has continued to expand in size, with 17 of 21 summer 2022 drillholes having intersected greater than 0.5 metres of mineralisation, resulting in an 81 per cent success rate.
Mineralisation at the discovery was intersected as shallow as 60 metres vertically from surface.
The drilling program has now wrapped up, leaving the area defined over 220 by 200 metres and it remains open in multiple directions.
92 Energy Managing Director Siobhan Lancaster said the company is proud to announce the completion of another successful drill program at the Gemini project.
“Results from the summer drill program indicate that the GMZ remains open to the north, southeast and southwest, with a further 1.5 kilometres of highly prospective strike yet to be explored,” Ms Lancaster said.
“The team is excited by the progress that has been made over the winter and summer 2022 drilling campaigns and are looking forward to getting back on the ground at Gemini as soon as possible to continue the expansion of the GMZ uranium discovery.”
92 Energy is now undergoing a review of drill data from the Gemini project, with the technical team planning an additional high resolution geophysical coverage to support drill targeting to further expand the discovery.
Drill planning for 2023 will follow the completion and synthesis of these geophysical surveys, while the company awaits its final results.
92 Energy shares fell 9.57 per cent, trading at 42.5 cents at 1:52 pm AEST.